A total of 8 public financing events occurred in the crypto market last week, with a total of approximately US$27.3 million raised | Investment and Financing Weekly Report
Reprinted from chaincatcher
01/06/2025·5MOrganized by: Luan Peng, RootData
According to incomplete statistics from RootData, between December 30 and January 5, 2024, a total of 8 public investment and financing events occurred in the blockchain and encryption industry, with a cumulative financing of approximately US$27.3 million.
From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and Defi tracks. Popular projects include Layer2 Network DataDance , Sui ecological liquidity staking protocol Haedal Protocol, blockchain data startup Accountable , and Bitcoin technology company JAN3 .
In addition, Bitcoin financial services company Fold announced that it has completed US$20 million in convertible bond financing provided by ATW Partners, and the two parties have reached an agreement to potentially provide an additional US$10 million in financing after merging with FTAC Emerald.
(List of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
DataDance completes multi-million dollar seed round led by Hash Global
DataDance, a Layer 2 network dedicated to innovation in the field of consumer data assets, completed a multi-million-dollar seed round led by Hash Global. The completion of this round of financing marks the beginning of DataDance's efforts to build the world's largest decentralized data asset service and trading platform in Web3, and jointly create a Web3 business ecosystem with Hash Global.
Hash Global stated that the DataDance team has founded the largest digital asset trading platform in China, the only art, and has a deep accumulation and understanding of RTB (programmed advertising) and the digital asset industry. It is optimistic about its use of blockchain to link a large number of brands and help They capitalize consumer data and realize decentralized transactions of global consumer data assets.
DataDance CEO Geoffrey Tong said that the trading of data assets is now highly monopolized by Internet giants, resulting in high traffic costs around the world. DataDance has the ability to change this industrial structure and allow data asset trading to develop from a centralized monopoly to a centralized one. Centralization and decentralization go hand in hand, injecting new impetus into Web3 business innovation.
2. Defi
According to official news, Sui ecological liquidity staking protocol Haedal Protocol announced the completion of seed round financing, and the specific amount was not disclosed. Investors participating in this round of financing include Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, etc. Haedal will use the financing and new resources to support the further development of its liquidity staking infrastructure and on-chain yield products focused on the Sui ecosystem.
According to the Web3 asset data platform RootData, [Haedal](https://www.rootdata.com/zh/Projects/detail/Haedal?k=OTMyMg== "Liquidity staking protocol based on Sui") is a liquidity staking protocol based on Sui that allows anyone to stake on their Sui tokens to promote the governance and decentralization of the Sui blockchain. At the same time, users will receive haSUI in return so that they can continue to participate in DeFi activities to earn additional benefits.
Binance Labs Announces Investment in THENA
Binance Labs announced its investment in THENA, a decentralized exchange (DEX) and liquidity protocol based on BNB Chain.
The funds will be used to accelerate the development and expansion of THENA platform, enhance security measures, expand user acquisition efforts, strengthen partnerships and collaboration within the BNB Chain ecosystem, and promote DeFi innovation.
3. Data & Analysis
According to The Block, blockchain data startup Accountable recently completed a $2.3 million seed round of financing. The financing was co-led by MitonC and Zee Prime Capital, with participation from angel investors such as Maven 11’s Darius Rugys and Worldcoin Foundation’s DCBuilder.
The company is developing a privacy-focused data platform to verify borrowers’ assets, liabilities and transaction risk exposures in real time. Users can connect custody, exchange and other accounts to the dashboard to generate credit that can be reviewed by lenders. Risk reporting. Accountable plans to raise further capital in 2025.
4. Others
According to official news, Bitcoin technology company JAN3 announced that it has completed a US$5 million seed round of financing, led by Fulgur Ventures, with participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund and NYDIG. As part of the current seed round, JAN will allocate $1 million to build a Bitcoin vault, which will include 12 BTC at an average cost of $83,333.33 per BTC.
According to the Web3 asset data platform RootData, [JAN3](https://www.rootdata.com/zh/Projects/detail/JAN3?k=NDc0OQ== "Bitcoin Technologies Inc.") is a Bitcoin technology company founded by Samson Mow, the former chief strategy officer of Blockstream, aiming to accelerate the adoption of Bitcoin. JAN3 takes over Blockstream’s crypto wallet AQUA, Bitcoin and Liquid mobile wallets, and NFT marketplace Raretoshi. The company signed a memorandum of understanding with the government of El Salvador to provide digital infrastructure to the country and Bitcoin City.
People familiar with the matter: FalconX is in talks to acquire crypto derivatives startup Arbelos
According to Bloomberg, digital asset trading and brokerage firm FalconX is in advanced talks to acquire Arbelos Markets, a derivatives startup founded in 2023 by two crypto industry veterans.
The deal, which will be financed through a combination of cash and FalconX stock, is expected to be announced in the coming days, people familiar with the matter said. It's unclear what impact the deal will have on Arbelos' valuation.
Bitcoin financial services company Fold announced that it has completed US$20 million in convertible bond financing provided by ATW Partners, and the two parties have reached an agreement to potentially provide an additional US$10 million in financing after merging with FTAC Emerald.
The financing is secured by the company's assets, including a portion of Bitcoin, and the bonds will mature three years after Fold becomes a public company and convert into common stock of the combined company at a fixed conversion price of $11.50 per share.
Fold said the initial $20 million in funding will be used to support growth plans and accelerate product development, while the remaining $10 million in financing will provide additional capital flexibility upon completion of the business combination with FTAC Emerald.
panewslab